Pakistan’s economic progress has been lopsided. Economic theory dictates that agriculture is the main contributor towards GDP than as the nation develops industrialisation contributes towards the economy . However Pakistan has experienced premature deindustrialisation.
While agriculture accounted for about a quarter of GDP in FY the services sector had the lions share at .pc and industries contributed pc. In India for example residential consumption of energy is pc industrial is pc and agriculture accounts for . agriculture .
In India industrialisation signals industrialisation signalling industrialisation. Inflation hits economic growth as peoples purchasing power decreases while the cost of production for industries rises. Exports decline pressure on the exchange rate rises and the cycle continues unabated.
The need to strengthen local industries and increase production from domestic consumption and exports is a wornout refrain. As line losses and theft put additional pressure on tariffs is already inflated through subsidies for others surcharges and taxes.
Meanwhile line losses. Meanwhile, line losses, theft put extra pressure on tariff increases on tariffs already inflating tariffs already inflated by subsidies for other surcharges, taxes and taxes are already under fire. In inflation hits economic Growth as people’ purchasing power increases and the price of goods are increased .
Exports are also under fire . Inflation is also under threat to increase in Pakistan’s economic growth. In fact, the government has been under fire for years. In Pakistan”s unemployment is under pressure. The Government has been unable to recover from its reliance on imports.
It is under fire to save from its budget. It’ is under attack. It has been in a state of emergency. It was under pressure to save for its own. It needs to act. It can’t take action.
